Decimal odds, also known as European odds, are popular because of their simplicity. For example: 1. Calculated returns include the bet stake. But unlike fractional odds that show the potential returns without your stake, decimal odds represent the return from your bet including your stake. An alternative format to decimal odds are fractional odds. Some people prefer decimals while other prefer fractions.
To learn more about how fractional odds work in betting click here. By using the decimal odds you can calculate the likelihood of the outcome of an event actually happening. For example:. Just subtract 1. The process of matched betting means that you eliminate the risks usually associated with gambling.
We use the American style here at Odds Shark. Step 2: Enter the amount of money you wish to bet. Our calculator will take care of the rest. There are three methods of stating odds that most bookmakers and websites support. Implied Probability is also useful when evaluating a bet or checking how likely an outcome is. Decimals quote the potential return should the bet succeed, relative to the stake. Used mostly in the United Kingdom and Ireland, fractions quote the potential profit should the bet succeed, relative to the stake.
Odds correlate to probability. The moneyline is one of the most common bets. This is a straight-up bet. All you need to do is pick the winning team. The odds would look something like this:. The amount that is set by the oddsmakers is based on how they foresee a game unfolding from a scoring perspective.
If you believe the combined score for both teams will be points or more, you would bet the OVER. For point spread bets , the oddsmaker adjusts the line so that the underdog gets an advantage. You would enter in the American Odds section if you believe Boston will cover or enter in the American Odds section if you think New York will cover.
If you bet on the Knicks, then they would have to win by four points or more. If you bet on the Celtics, they would need to win outright or lose by three points or less for you to win your bet. Prop betting is a wager based on occurrences or non-occurrences during a game or season.
Props are what we call novelty bets because they can consist of individual player or team milestones, and will appear like so at betting sites:. If he scores more, your bet loses. Our odds calculator can compute just about everything, including live betting. And Fractional odds are the ratio of the amount of money profit won to the amount of money wagered. The handicapping, sports odds information contained on this website is for entertainment purposes only.
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Best odds sportsbooks Best odds frequency Edge 1 st Settings Geo-targeting Geo-targeting on. Sportsbooks that block bettors in the United States of America are not shown. Geo-targeting off. All sportsbooks are shown including those that block bettors in the United States of America. An odds convertor is a simple an easy tool to use, however they are really effective. Simply enter the type of odds you have fractional, decimal, American, or probability from any bookmaker and this will calculate the odds in each other format.
Much like the calculator, this simply displays a list of popular odds offered with each and every other format aligned. Often, online bookmakers display their odds in one format or the other. Therefore, using an online odds convertor calculator or table allows you to simply enter the type of odds provided by a specific bookmaker, providing all alternative odds formats for you to see.
If visiting the UK, or betting on an UK online betting site, the odds will be displayed in fraction, decimal, or probability. Using an odds convertor will allow you to also display American odds — allowing you to understand the bet much more. Carl Hughes is a leading expert on sports and casino betting. Carl began his career with a BSc in Sport, Exercise and Health Sciences from the University of Birmingham before working within the industry for some of the bigger names GVC and Bet and has been praised as being "a leading sports betting commentator".
All you need to do is pick the winning team. The odds would look something like this:. The amount that is set by the oddsmakers is based on how they foresee a game unfolding from a scoring perspective. If you believe the combined score for both teams will be points or more, you would bet the OVER. For point spread bets , the oddsmaker adjusts the line so that the underdog gets an advantage.
You would enter in the American Odds section if you believe Boston will cover or enter in the American Odds section if you think New York will cover. If you bet on the Knicks, then they would have to win by four points or more. If you bet on the Celtics, they would need to win outright or lose by three points or less for you to win your bet.
Prop betting is a wager based on occurrences or non-occurrences during a game or season. Props are what we call novelty bets because they can consist of individual player or team milestones, and will appear like so at betting sites:. If he scores more, your bet loses. Our odds calculator can compute just about everything, including live betting. And Fractional odds are the ratio of the amount of money profit won to the amount of money wagered.
The handicapping, sports odds information contained on this website is for entertainment purposes only. Please confirm the wagering regulations in your jurisdiction as they vary from state to state, province to province and country to country. Using this information to contravene any law or statute is prohibited.
The site is not associated with nor is it endorsed by any professional or collegiate league, association or team. OddsShark does not target an audience under the age of Please visit gambleaware. Google Tag Manager. Oddshark logo linked to Home. Close Menu. Odds Shark Top Sportsbooks 1. Visit operator for details. Finally, we come to Fractional odds, which are typically used in the UK and Ireland.
As we mentioned, the calculation is a little more difficult. Multiply your bet by the top number, then divide the figure by the bottom number. Another common thing to see when using an odds payout calculator is an implied odds option. This means, the odds correlate to the probability of a certain team winning, or outcome happening.
Using the example from before, a favorite has roughly a A betting calculator can also assess the value of a bet by calculating the vig. There are hundreds of independent websites offering betting calculators, just search on Google. Generally, no. But it really depends on which site you access the calculator from at that time. No, not normally. Some sportsbooks offer a calculator as part of the service.
If not, bettors can find a site online and use that one. Not at all. It can be. It can mean nothing. It really depends on the bettor and their own preferences. The purpose of a sports betting calculator is to indicate the potential profit and value in any bet, it cannot be used to cheat per se.
Yes, why not? Betting calculators help you to get an idea of the value in certain wagers and this is always valuable information for any bettor.
However, sometimes things happen beyond our control. Therefore, we assume no responsibility for actions taken as a result of information on this site which does not constitute advice and always recommend you to check terms and conditions before placing any bet. Don't gamble unless you know the facts. Being responsible about gambling means knowing whether to gamble, how much money or how much time.
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You can use the following formula to calculate potential returns with decimal odds:. Whichever format odds are written in, they all have an equivalent in another format. Not only will this help you understand your potential return, but it also makes it easier to compare betting odds across sportsbooks. As the US sports betting industry continues to grow, so does the selection betting options, or betting markets, at each site.
Odds will vary between these markets, and even between the same markets at different sports betting sites. Not quite sure what every US sports betting market means? These are the most popular:. A straight bet is a single bet on the outcome of a game or sporting event that is determined by a money line or point spread. A futures wager is a bet placed on the outcome of an event in the future.
A parlay wager is a single bet that is linked with two or more wagers. In order to win a parlay bet, a bettor must win every wager in the parlay. If a bettor loses one wager in the parlay then they will lose the entire parlay bet. Parlay bets tend to have much higher odds than other bet types.
Teaser bets are usually available for basketball and football events. A teaser allows bettors to combine their bets on two different games and adjust the point spreads for the two games. However, the better will see a lower return in the event that their teams win.
A round robin is essentially a series of parlay bets. For instance, a round robin made up of three teams will consist of three two-team parlay bets. While gambling odds can vary between US sports betting sites, you should now be equipped with the knowledge and know how to start betting and find the best odds on the US sports betting market. Not sure where to bet?